Stay Tactically Bearish On Dollar And Yen In Q1 2013 - Morgan Stanley

on , from efxnews.com

Investors should stay tactically bearish on the USD and the JPY throughout the first quarter of 2013 as both currencies are poised to decline on the policies of their central banks, says Morgan Sanely. For the Federal Reserve, MS notices that as it has already revolutionized central banking again by introducing numerical targets to its policy approach, adopting a so called “Evan’s Rule”, the power at the US central bank has shifted clearly in the direction of the doves. As such, easy policy, low rates, and large scale asset purchases are likely to stay for the foreseeable future providing an ... (Read the full story)

Trading Is A Journey in Self-Discovery

on , from fxtechstrategy.com

I know a trader, let’s call him Leon. He day trades Futures. He has been actively trading for several years. His profits are erratic and undependable, often going dramatically up and down in the same session. When Leon is making money his confidence soars and he feels like he is a power trader. On the other hand, when he loses money, which is more times than he cares to admit, he feels like a failure, a loser and stupid. For quite some time Leon has wondered why he can’t be consistently successful, and why his drawdowns tend to be much larger than his profits. He wonders this even though he has no Business ... (Read the full story)

Treasury 10-Year Yields Head for Record Low on Demand for Haven

on , from bloomberg.com

Treasury 10-year note yields were poised for the lowest annual average since at least World War II as investors spent 2012 seeking haven from Europe’s debt crisis, tepid global growth and a U.S. budget showdown. The benchmark note yield traded below 2.4 percent throughout the year as sluggish job growth led the Federal Reserve to expand debt purchases to push investors toward higher-yielding assets and stimulate growth. The yield’s decline was tempered as risk appetite improved and reports signaled economic advances. U.S. employers added 150,000 jobs in December, data next week were forecast to show. ... (Read the full story)

EUR/USD Forecast – Dec 31 2012 – Jan 4 2013

on , from forexcrunch.com

EUR/USD enjoyed another week of gains during the holiday week, but could not sustain them, as the US is approaching the fiscal cliff. As a new year begins, volume and volatility are expected to rise. Manufacturing and service PMIs and employment figures are the highlights of this week. Here is an outlook on the main market-movers this week. In the US, politicians are working extraordinary hours, but there is still no deal in sight. A temporary solution could be reached to avert the cliff but keep the issue active. In Europe, French consumer spending, edged up 0.2% in November, but retail PMIs show ... (Read the full story)

EUR/USD Technical Update – Week Of 31st December

on , from forex-fx-4x.com

EUR/USD has been trading in a consolidation phase this week which has culminated in an “inside week” candle formation. The 1.3171 area previous resistance level has acted as support, and the 1.3307 19/12/12 pinbar high has not yet been taken out over recent trading. Euro/dollar has been oscillating between these perceived value areas, with a sustained breakout of the inside week potentially providing a directional bias going forward. Large speculators from the CME (Chicago Mercantile Exchange) continue to align themselves with this trend and have further cut bearish EUR FX positions, taking the net ... (Read the full story)

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